Lewisville, IN vs Silver Lake, IN

Lewisville is moderately more affordable than Silver Lake, with a 8.3% lower cost of living index. Lewisville scores 67 compared to 73 for Silver Lake, where the US average is 100. This difference means residents of Silver Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lewisville is $871/month compared to $1,057/month in Silver Lake — a 18% difference. Home values follow the same pattern: Lewisville is more affordable at $101,600 median vs $107,300.

Median household income in Lewisville is $52,143 compared to $53,542 in Silver Lake (-2.6%). Silver Lake does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lewisville spend roughly 20% of their income on rent, less than the 23.7% in Silver Lake.